MANILA, Philippines — Finance Secretary Ralph Recto said the government has neither discussed nor considered granting exemptions for United States technology firms from the Philippines’ newly implemented digital services tax, despite threats of retaliatory tariffs from President Donald Trump.
“We don’t even know how serious they are on any of that. There have been no communications to us. So there’s nothing to communicate,” Recto told reporters on the sidelines of the Senate hearingon Tuesday, stressing that exemptions for American companies are not yet on the table.
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://www.aichuwei.com
Trump recently warned that countries imposing digital taxes on US technology firms would face “substantial additional tariffs” on exports to the US, along with possible export restrictions on “highly protected technology and chips.”
The Philippines began enforcing its digital tax law in June, which subjects nonresident digital service providers such as Netflix, Amazon, and Google to the country’s 12-percent value-added tax (VAT).
- Former DPWH chief denies links to corruption
- Israel flattens high-rise as it tells Gaza City residents to flee
- Marcos signs mining tax regime law
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Ukraine says Russia linked to lawmaker's killing
- Marcos embarks on three-day state visit to Cambodia
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Israel ups pressure on Gaza City as Trump talks post-war plan
- President asks governor to expose irregularities in govt projects
